THE IMPACT OF SMALL AND MEDIUM SCALE ENTERPRISE DEVELOPMENT ON YOUTH EMPOWERMENT
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Most of the poor and unemployed Nigerians in order to better their lots have resorted to the establishment of their own businesses. Consequently, Entrepreneurship is fast becoming a household name in Nigeria. This is as a result of the fact that the so called white collar jobs that people clamor for are no longer there. Even, the touted sectors (Banks and companies) known to be the largest employer of labour are on the down-turn following the consolidation crisis and fraudulent practice of the high and mighty in the banking sector. The companies of course are folding up as a result of erratic power supply, insecurity and persistent increase in interest rate which has lead to high cost of production and undermines profit making potentials of companies operating in Nigeria. As a result of banking sector practices and continuous folding up of companies, a lot of Nigerians are thrown into unemployment which inevitably detriment the economic situation of the country.
SUMMARY The study examines the impact of SMEs development on youth empowerment in Kaduna metropolis. The research questions that guided the study were: What are the effect of SMEs on employment generation in Kaduna? What kind of support does the government render to SMEs in Kaduna metropolis? How effective is government capacity building programmes and support in promoting SMEs among youth in Kaduna metropolis.
A survey method was used for this study. The population consist of 300 beneficiaries of the youth empowerment programme in Kaduna metropolis. Their list is obtained from National directorate of employment Kaduna. Out of 300 persons, 180 persons were selected as the sample size. A questionnaire developed in five Likert scale was used to obtain data. Mean scores was used to analyze the data obtained from the field. The result of the analysis indicates that The analysis of data reveals the following results: Employment generation through the development of SMEs facilitate capacity building, self-reliance as well as attracting government support to finance SMEs.
Government support SMEs through entrepreneurship development and skill acquisition as well as funding, collaboration with financial institution, entrepreneurship education in schools, and formulation of policies that supports SMEs. The finding equally shows that government support to SMEs among youths in Kaduna is not too effective because it is constraint with problems of poor access to loan due to high interest rate and the requirement of big collateral security and poor infrastructural facilities especially electricity all constitute a big hindrance and impediment to entrepreneur and affect their performance negatively.
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APA
Kings, S. (2026). THE IMPACT OF SMALL AND MEDIUM SCALE ENTERPRISE DEVELOPMENT ON YOUTH EMPOWERMENT. Afribary. Retrieved June 15, 2026, from http://library.afribary.com/works/the-impact-of-small-and-medium-scale-enterprise-development-on-youth-empowerment
MLA
Kings, Solomon. "THE IMPACT OF SMALL AND MEDIUM SCALE ENTERPRISE DEVELOPMENT ON YOUTH EMPOWERMENT." Afribary, 6 Jun. 2026, http://library.afribary.com/works/the-impact-of-small-and-medium-scale-enterprise-development-on-youth-empowerment. Accessed June 15, 2026.
Chicago
Kings, Solomon. "THE IMPACT OF SMALL AND MEDIUM SCALE ENTERPRISE DEVELOPMENT ON YOUTH EMPOWERMENT." Afribary (2026). Accessed June 15, 2026. http://library.afribary.com/works/the-impact-of-small-and-medium-scale-enterprise-development-on-youth-empowerment